1710 S Jefferson Ave - Apartments FOR SALE


Tucson, AZ 85711- Corbett
$1,695,000 USD
520-599-8005
1710 S Jefferson Ave, Tucson, AZ for Sale
$1,695,000 USD
Apartments - FOR SALE
1/18
null | 7.46% Cap Rate

1710 S Jefferson Ave
Tucson, AZ 85711
Corbett


HIGHLIGHTS

  • 100% occupancy
  • Stabilized & cash flowing
  • Value-add opportunity through minimal rent increases over 12 months
  • 10-minute drive to Downtown Tucson
  • 15-minute drive to the University of Arizona
  • 10-minute drive to Tucson Medical Center (TMC)

OVERVIEW

1710 S Jefferson is a gated, value-add multifamily community located just 0.5 miles from Davis-Monthan Air Force Base, one of Tucson’s strongest and most stable employment anchors. The property features 14 units with an attractive mix of 5 three-bedroom units, 8 two-bedroom units, and 1 one-bedroom unit, each offering private patio yards, a rare amenity in this submarket that supports rent premiums and strong tenant retention. The community is positioned for immediate operational upside through rent optimization and continued light renovations. With a Pro Forma NOI of $126,402, the asset delivers a compelling 7.46% cap rate and 10.27% cash-on-cash return based on a 70% LTV loan at 6.25% with 3 years interest-only.

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$154 USD /SF

# OF UNITS

14

PRICE/UNIT

$121,071

CAP RATE

7.46%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,725 SF

ZONING

R3

APN/PARCEL ID

131-09-2160

ASK ABOUT THIS PROPERTY

Phillip FilecciaPinnacle Realty and Investment Advisors LLCMore Info
520-599-8005

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Phillip FilecciaPinnacle Realty and Investment Advisors LLCMore Info
520-599-8005

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.